The Economy: Guideposts Along the Way! Part I: The Wal-Marting of America

What's to Become of the American Economy?

Watch reruns of the program on Frontline Asking Whether Wal-Mart Is Good for America? And then rush to the bathroom and retch….

Why?

Because Wal-Mart in all of its unthreatening way is the biggest threat to America’s hegemony.

Everyone thinks that Wal-Mart is the greatest thing since white bread but this program really delves into what goes on about Wal-Mart's rush to power.

I have been on that theme relentlessly since I started writing editorial for my local newspaper and even before. It began when I heard businessmen tell me straight out that they can’t compete and they have two choices: go out of business or go off-shore.

Most people don't realize it, but the Wal-Marting of America is what's behind the loss of our jobs and in many cases, many American companies going broke.

Of course, with their honied tongues they will tell us that this isn’t so. But I guarantee you that it is and it is the most innocuous and dangerous thing that has happened to America since “downsizing…” and with even worse ramifications…

In only one case, was an obscure manufacturing company, manufacturing TV's in America, able to compete with Wal-Mart by forcing them to admit that their suppliers were dumping TV's at below cost. This tactic has and will destroy America's industry what there is left of it.
In my series on kick-starting American business, I wrote that at some point, we will have to decide between the Wal-Marting of America or re-establishing our own bonafides as a manufacturing base.

Here’s the skinny: Wal-Mart today has nearly eight thousand suppliers. Of them, 80% are located in China and most of them have employees who work for pennies…. How do you compete with that.
Wal-Mart operates by forcing its suppliers to reduce their prices every year! It even forces them into auctions with other competitors if they want to keep the business. And Wal-Mart never loses!
They have the model that will drive into bankruptcy every business in the US that doesn’t pick up stakes and get out….

And what is left?

Consider these facts in the Wal-Mart economy:

The fact of the matter is today as the reporter pointed out AMERICA IS A COLONY BY EVERY DEFINITION . We export raw materials; import finished goods.
We are trillions in debt to China and what the Chinese don't own, the Saudis and Japanese do.

Where do we go from here?

If we stay on our current course, it is the Wal-Marting solution which means that we will mired in poverty with the top 1% controlling everything until the people decide enough is enough. But before that happens, mark my words we will have plenty of pain…

Then we will erect barriers to doing business with a country that pays its employees thirty cents an hour!

Is that what we want to do to compete?

The big question is why all of the candidates whose names are bandied about do not address this issue except EDWARDS. WHY?

Rapidly, things are coming to a head. Why? Because the two sources of credit have dried up. Watch an amazing percentage of our population go bankrupt this year.
Watch what happens when there is no credit available from credit cards or equity in the home, then what happens: Fireworks! my friend.

Let's get ahead of the curve. Let's demand answers now!!!

Les